West Visayas State University

Finance Division

About

The Financial Division, headed by the Chief Administrative Officer is responsible for the three units, the Budget, Accounting and Cash Units. Reporting to the Vice President for Administration and Finance, these units are responsible for financial management, planning and control, financial accountability and establishment and maintenance of quality financial systems.

Financial Planning and Control includes the preparation of the budget, monitoring and control of allotment and expenditures, long range financial planning and forecasting

  • Financial Accountability involves the preparation of financial and management reports to account for financial transactions of the University. 
  • Establishment and Maintenance of Quality Financial Systems requires the development, operation and maintenance of accounts and internal control systems to control spending, safeguard assets comply with government rules and regulations and provide management information while ensuring compliance with generally accepted accounting principles and government financial laws. 
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Services

Generally, the Finance Division has the following responsibilities:

  • Develops, coordinates, and maintains an integrated system of financial support services, including accounting and management of financial reporting,
  • Exercises effective control over the financial resources of the University,
  • Coordinates and synthesizes financial and management data to interpret the composite financial results of operations for all levels of the University,
  • Advises on the development, coordination, and compliance with fiscal policies, procedures, and plans,

Analyzes, evaluates, and reports on program accomplishments in financial terms

Advises and assists top management by providing financial management information as required to make managerial decisions, and establish organizational goals and objectives

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